TSMC’s revenue increases due to chip shortage

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TSMC is responsible for approximately 28% of chip manufacturing worldwide and its hardware portfolio ranges from consoles and smartphones to PCs and cars. Despite the continued shortage of chips, the company manages to record impressive year-over-year growth.

The latest financial report shows revenue of $13.3 billion, a significant jump of 20% compared to the same quarter last year. The company’s CEO warns, however, that the shortage of chips will continue throughout the year, even if carmakers will feel the pressure gradually easing.

With TSMC leading the market, the company will invest approximately $100 billion in expanding its production over the next two years. And I hope the tech giant will be able to meet the high demand for chips from its customers. The semiconductor maker has already invested about $12 billion in its new facility in Arizona as it continues to improve and expand its operations in China.

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